Overview

• A 62-year-old consultant from Thane was duped of over ₹1.4 crore in a gold trading and mining scheme between April 11 and May 19, 2025.
• The accused promised the victim a fixed monthly income from mining and 15% returns on gold trade investments.
• The victim transferred the funds to multiple bank accounts as directed by the accused but received no returns.
• When the victim sought updates on his investment, the accused avoided his calls and failed to provide any responses.
• Police have registered a case under Section 318(4) of the Bharatiya Nyaya Sanhita and the IT Act and are tracing the financial trail to locate the suspects.